Healthpeak Properties Inc. [NYSE: PEAK] traded at a high on 01/04/23, posting a 3.73 gain after which it closed the day’ session at $26.39. The company report on November 14, 2022 that Healthpeak Properties to Participate in Nareit’s REITworld 2022 Investor Conference.
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Healthpeak Properties, Inc. (NYSE: PEAK) announced today that its President and CEO, Scott Brinker, along with other members of its senior management team, will participate in Nareit’s REITworld 2022 Investor Conference on November 15 – 16, 2022.
In connection with the conference, Healthpeak posted a presentation in the Investor Relations section of its website at https://ir.healthpeak.com/investor-presentations.
The results of the trading session contributed to over 4677544 shares changing hands. Over the past one week, the price volatility of Healthpeak Properties Inc. stands at 2.62% while the volatility over the past one month is 2.22%.
The market cap for PEAK stock reached $14.26 billion, with 538.42 million shares outstanding and 535.96 million shares in the current float. Compared to the average trading volume of 4.20M shares, PEAK reached a trading volume of 4677544 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Healthpeak Properties Inc. [PEAK]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PEAK shares is $29.03 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PEAK stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Healthpeak Properties Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 03, 2023. While these analysts kept the previous recommendation, RBC Capital Mkts dropped their target price from $35 to $28. The new note on the price target was released on December 14, 2022, representing the official price target for Healthpeak Properties Inc. stock. Previously, the target price had yet another raise to $28, while Evercore ISI analysts kept a Outperform rating on PEAK stock.
The Average True Range (ATR) for Healthpeak Properties Inc. is set at 0.62, with the Price to Sales ratio for PEAK stock in the period of the last 12 months amounting to 7.06. The Price to Book ratio for the last quarter was 2.20, with the Price to Cash per share for the same quarter was set at 0.21.
How has PEAK stock performed recently?
Healthpeak Properties Inc. [PEAK] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.27. With this latest performance, PEAK shares gained by 0.80% in over the last four-week period, additionally sinking by -0.49% over the last 6 months – not to mention a drop of -26.96% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PEAK stock in for the last two-week period is set at 63.56, with the RSI for the last a single of trading hit 68.84, and the three-weeks RSI is set at 60.32 for Healthpeak Properties Inc. [PEAK]. The present Moving Average for the last 50 days of trading for this stock 24.87, while it was recorded at 25.36 for the last single week of trading, and 27.30 for the last 200 days.
Healthpeak Properties Inc. [PEAK]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Healthpeak Properties Inc. [PEAK] shares currently have an operating margin of +16.73 and a Gross Margin at +23.13. Healthpeak Properties Inc.’s Net Margin is presently recorded at +6.15.
Return on Equity for this stock inclined to 1.75, with Return on Assets sitting at 0.75.
Insider trade positions for Healthpeak Properties Inc. [PEAK]
There are presently around $13,231 million, or 97.50% of PEAK stock, in the hands of institutional investors. The top three institutional holders of PEAK stocks are: VANGUARD GROUP INC with ownership of 87,987,318, which is approximately 0.433% of the company’s market cap and around 0.29% of the total institutional ownership; BLACKROCK INC., holding 55,699,949 shares of the stock with an approximate value of $1.47 billion in PEAK stocks shares; and STATE STREET CORP, currently with $1.03 billion in PEAK stock with ownership of nearly 0.856% of the company’s market capitalization.
Positions in Healthpeak Properties Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 288 institutional holders increased their position in Healthpeak Properties Inc. [NYSE:PEAK] by around 40,018,010 shares. Additionally, 258 investors decreased positions by around 53,612,910 shares, while 117 investors held positions by with 407,735,210 shares. The mentioned changes placed institutional holdings at 501,366,130 shares, according to the latest SEC report filing. PEAK stock had 53 new institutional investments in for a total of 10,059,103 shares, while 70 institutional investors sold positions of 3,134,505 shares during the same period.